North America Cryotherapy Market Size & Outlook, 2023-2030
North America cryotherapy market, 2018-2030 (US$M)
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North America cryotherapy market highlights
- The North America cryotherapy market generated a revenue of USD 3,174.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, cryosurgery was the largest revenue generating therapy type in 2023.
- Chamber therapy is the most lucrative therapy type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,174.7 million |
| Market revenue in 2030 | USD 4,935.1 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Cryosurgery |
| Fastest growing segment | Chamber therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cryosurgery, Icepack therapy, Chamber therapy |
| Key market players worldwide | Metrum Cryoflex, Medtronic PLC, Brymill Cryogenic Systems, CryoConcepts, Cortex Technology, Wallach Surgical Devices, Zimmer Medizinsysteme |
Other key industry trends
- In terms of revenue, North America region accounted for 42.6% of the global cryotherapy market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,675.7 million by 2030.
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Cryotherapy Market Scope
Cryotherapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America cryotherapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cryotherapy market will help companies and investors design strategic landscapes.
Cryosurgery was the largest segment with a revenue share of 53.2% in 2023. Horizon Databook has segmented the North America cryotherapy market based on cryosurgery, icepack therapy, chamber therapy covering the revenue growth of each sub-segment from 2018 to 2030.
North America is expected to witness significant growth over the forecast period due to increased awareness about the benefits of cryotherapy treatment and high disposable & per capita income. This region has a significant number of cryotherapy centers across the globe.
According to a research study, North America holds around 69% of total cryotherapy centers worldwide. Cryotherapy services are used for reducing aging signs, improving skin's contour, and fat reduction & muscle recovery.
Moreover, face and body treatments to improve esthetic appearance have applications not only in middle-aged women but also in young men & women. The easy availability of different services and products for various esthetic procedures in the U.S. and Canada is expected to boost the market further.
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Target buyers of North America cryotherapy market databook
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Our clientele includes a mix of cryotherapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America cryotherapy market , including forecasts for subscribers. This continent databook contains high-level insights into North America cryotherapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cryotherapy market size, by country, 2018-2030 (US$M)
North America Cryotherapy Market Outlook Share, 2023 & 2030 (US$M)
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